<VV> Defining a cars value

[J R Read_HML]

OK - that is a good approach but just a bit too tedious for me.  After all, 
the price is what the buyer and seller agree upon.  If there is no 
agreement, there is no sale.

So, I go to OCPG and try to evaluate by their 6 category guide.  In this 
case, I come up with - not as good as a 4 and not as bad as a 5, but close.

Look up the car (or nearest) in question and price it 1/4 to 1/3 above a 5 - 
between 5 and 4.  If you cannot agree in that range, don't buy it

But... a BIG one....  before you start talking to the seller about OCPG 
(have it in your back pocket)....  Just ask the simple question, "What did 
you have in mind?"  Once you've done your research and are confident about 
your max offer - you just might find out that you are buying a bargain 
because his/her number might be well below yours.

The other thing that can happen....  ask (after the price is agreed) - "Are 
there other parts laying about that should go with it?"

Oh - just this Spyder (Corsa) dash and extra wheels with a funny hammer.

NOW.. ya' got a bargain!

Later, JR


----- Original Message ----- 
From: "Smitty Smith" <vairologist at verizon.net>
To: <virtualvairs at corvair.org>
Sent: Friday, April 09, 2010 9:46 PM
Subject: <VV> Defining a cars value


> Smitty says;   Paul if you want to do it right it will take some work. 
> Start off with a top value concours car value.  (Not a BJ nutcase value). 
> On a long lined paper pad write down bumper, rear.  If that bumper is not 
> a flawless 100 pt concourse then it will need a replate.  No halfway about 
> this now.  It will need replate.  Put down $300 or what ever the show 
> quality price is now.  Move on to tail lights.check the chrome light 
> rings.  If they are nor perfect, write them down and move on.  Bodywork 
> holes?  Price them at bodyshop prices.  It's easy to run up $2,000 in 
> small repairs on body work.  Keep going, on upholstery, instruments, wiper 
> motor, carbs, convert top, and on and on.  Don't cheat yourself by saying, 
> I can fix that.  When you are done with marking flaws then add at least 
> $5,000 for a paint job.  Let the seller in on what you are doing and how 
> you are ariving at prices.  (Clarks book is good).  After adding 
> everything up, subtract that
> value from the top concours value you started with.  Yeah you are going to 
> tick the seller off.  What are you in this for?  To make him smile,or buy 
> the car at a correct price.